LTP Trade Finance IndexÖ - December 2002 performance update and summary

The LTP Trade Finance IndexÖ returned a solid 5.03% overall in 2002.

Against a background of wide variations in asset returns in 2002 the FTA World Equity Index fell by 20%, whilst JP Morgan's EMBI index rose by 14% the LTP Trade Finance Index, which measures the total return on a representative basket of trade finance assets, returned a solid 5.03% overall in 2002.

Whilst this was lower than 2001's performance, when the Index returned 8.4%, it was nevertheless better than putting your money on a rolling deposit which...

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